Rebuilt Industrial
For Sale
$2,250,000
2820 W Airline Hwy, Laplace, LA 70068
Net-leased warehouse with insulated, climate-controlled work areas and substantial crane infrastructure.
Property Size15,000 SF
Price / SF$150
Days on Market175
Property Features for 2820 W Airline Hwy
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Investment
Listing Agency:
Max J Derbes Inc
(504) 733-2299
Listed By:
Keith Henry
(504) 733-2299
Source:
Lacdb.resimplifi
Added: Mar 10
Changed: Aug 30
Last Checked: Aug 30 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Max J Derbes Inc
Investment Insights
Based on property information with market context.
This 15,000 SF warehouse property includes approximately 3,700 SF of front office space and 11,300 SF of rear shop and warehouse area. The facility was substantially rebuilt in 2018, retaining the heavy-capacity concrete slab and red structural steel. A 2021 roof replacement followed storm event Ida. The building has a 22-foot frame height, full insulation, climate control, and multiple separated clean and work rooms. Crane equipment includes a 10-ton bridge with two 5-ton cranes, a 4-ton bridge with two 1-ton cranes, 2-ton freestanding post jibs, and additional 1-ton frame jibs.
The improvements occupy 2.27 acres with 98,893 SF of ground area and carry C-3 Highway Commercial District zoning. The property is located at 2820 W Airline Hwy in LaPlace, east of St. John High School and west of Belle Terre Blvd. near an Interstate 10 exit. It is leased to OTC Industrial Technologies/Allied Sales & Service through March 31, 2029, under a net lease, with a five-year renewal option subject to CPI increases.
The improvements occupy 2.27 acres with 98,893 SF of ground area and carry C-3 Highway Commercial District zoning. The property is located at 2820 W Airline Hwy in LaPlace, east of St. John High School and west of Belle Terre Blvd. near an Interstate 10 exit. It is leased to OTC Industrial Technologies/Allied Sales & Service through March 31, 2029, under a net lease, with a five-year renewal option subject to CPI increases.
Key Highlights
- 15,000 SF industrial building on 2.27 acres
- 3,700 SF of office area and 11,300 SF of shop and warehouse space
- Rebuilt in 2018; roof replaced in 2021 after storm event Ida
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$120,641
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,412,820
$2.4M
Cap Rate 7%
$1,723,443
$1.7M
Cap Rate 9%
$1,340,456
$1.3M
Market Conditions
NOI Build-Up for 15,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$149.4K $9.96/SF
− Vacancy
−$7.5K −$0.50/SF
EGI
$141.9K $9.46/SF
− OpEx
−$21.3K −$1.42/SF
NOI
$120.6K $8.04/SF
Area
St. John the Baptist County, LA
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,412,820
Cap Rate 7%
$1,723,443
Cap Rate 9%
$1,340,456
Alternative Uses
Best Use
Warehouse
$1.72M
$1.51M – $2.01M
NOI $120,641 @ 7.0% cap · market cap 5.36%
Second Best
Flex RnD
$1.57M
$1.37M – $1.83M
NOI $109,980 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$3.96M
$3.46M – $4.62M
NOI $277,020 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70068, LA
33,213
Population
13,379
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
49.3 sq mi
ZIP Area
674
Density / Sq Mi
$69,334
Median Household Income
$39,585
Median Earnings
$1,117
Median Rent
$191,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Net-leased warehouse with insulated, climate-controlled work areas and substantial crane infrastructure.
Where is this warehouse located?
The property is located at 2820 W Airline Hwy Laplace, LA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 15,000 SF industrial building on 2.27 acres; 3,700 SF of office area and 11,300 SF of shop and warehouse space; Rebuilt in 2018; roof replaced in 2021 after storm event Ida
